Board of directors of KazAgroFinance JSC (Kazakhstan) accepted decision about issue of eurobonds for amount up to $200 m.

/IRBIS, Natalya Vagina, February 8, 08/ - KazAgroFinance JSC (Astana, further - the company), bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, provided KASE with the copy of protocol of session of its Directors' board dated December 27, 2007. According to the provided document Directors' board accepted the next decisions: - to confirm and introduce changes and additions to clause about internal audit service of company; - to confirm annual audit plan of internal audit service of the company for year 2008; - to confirm the list of field of audit of the company for year 2008; - to confirm the report about activity of internal audit service of company by results of third quarter of year 2007; - for Board of company to provide the without documentary issue of coupon unsecured eurobonds for amount up to $200 m. and offering of mentioned eurobonds during 6 months since date of acceptance of the given decision. To determine next main parameters of eurobonds issue: - sum (volume of issue) - in the limits from $100 m. to $200 m.; - format of issue - Reg S, foreseen the offering of eurobonds among investors of Europe and Asia; - term of maturity (term of circulation) - from 3 to 5 years, simultaneously in the end of term; - periodicity of coupon payment - one times per 6 months; - date of issue - till February 15, 2008; - size of coupon - not limited; - amount of bonds - to 200,000 copies with face value divisible to $1,000. - to consider the information of Board of the company about undertaken measurements for more effective offering of temporarily free money funds. [2008-02-08]